ABA

Financial planning

Banks are on track to meet their 2020 deadline to overhaul staff pay, a new report by former public service Commissioner, Stephen Sedgwick, has said. ...

Policy & Regulation

Will bank staff be mistaken for advisers?

The Australian Baking Association has warned that new Design and Distribution laws may result in bank staff being mistaken for advisers....

Financial planning

Fee for no service remediation could exceed $1 billion

The Australian Banker’s Association has confirmed that the total cost of fee for no service remediation could exceed $1 billion....

Financial planning

ABA pushes for end of fees from the deceased and grandfathering

After Royal Commission testimony revealing banks charged deceased clients fees, the Australian Banking Association has announced reforms to the Banking Code of Practice t...

Policy & Regulation

Banking Code should be universal: ABA

The new Banking Code of Practice should be adopted across the entire industry, including credit unions, building societies and other lenders, according to the Australian ...

Policy & Regulation

ASIC approves ABA Code of Practice

ASIC has approved the Australian Banking Association’s new Banking Code of Practice following an independent review and stakeholder consideration....

Financial planning

ABA calls for stronger action on elder abuse

The Australian Banking Association has welcomed the Federal Government’s decision to create a national register of power of attorney orders, but says that more is needed ...

Policy & Regulation

Industry bodies call for Govt action on elder abuse

Industry bodies are calling on the Attorney-General to take action on financial abuse. ...

Financial planning

Bankers back separating product from advice

The Australian Banker’s Association has backed extracting product recommendations from the delivery of advice....

Policy & Regulation

AFCA sponsors welcome passage of legislation

The major backers of establishing an Australian Financial Complaints Authority have welcomed passage of the necessary legislation through the Parliament....

Policy & Regulation

Extend the BEAR to all financial services says CHOICE

Consumer group Choice has joined with the Consumer Action Law Centre to argue the Bank Executive Accountability Regime should be extended to all financial services execut...